What Is the Relevance of Technology?

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Relevance of Technology

Technology within the long-run is inappropriate”. That is what a purchaser of mine advised me when I made a presentation to him a few new products. I had been speaking about the product’s facets and benefits and listed “modern technological know-how” or something to that outcomes, as one in all them. That’s when he made his assertion. I realized later that he used to be proper, at the least inside the context of how I used “technology” in my presentation. But I started serious about whether he would be correct in different contexts as well


What is science?

Merriam-Webster defines it as:

1a: the sensible utility of capabilities especially in a distinctive discipline: engineering 2 <medical technology>

b: a potential given by way of the realistic software of advantage <a car’s fuel-saving technology

2: a way of carrying out a mission chiefly utilizing technical techniques, ways, or abilities

3.the specialized features of a specified subject of recreation <educational technology

Wikipedia defines it as: technological know-how is the making, amendment, usage, and skills of tools, machines, techniques, crafts, systems, and ways of organization, in order to clear up a problem, enhance a preexisting option to a hindrance, attain an intention, handle a utilized enter/output relation or participate in a specific operate. It can also confer with the gathering of such tools, together with equipment, modifications, preparations, and systems. Applied sciences drastically affect humans as good as different animal species’ capacity to manipulate and adapt to their common environments. The time period can both be applied in general or too detailed areas: examples include construction technology, clinical technology, and understanding technology.

Each definition revolves across the identical factor – software and utilization.

Technological know-how is an enabler

Many individuals mistakenly believe it is a technology that drives innovation. But from the definitions above, that’s certainly not the case. It’s a possibility that defines innovation and technological know-how which permits innovation. Believe of the classic “construct a greater mousetrap” illustration taught in most industry colleges. You might have the technology to construct a better mousetrap, but if you have no mice or the ancient mousetrap works good, there is not any possibility after which the science to construct a greater one turns into beside the point. Then again, in case you are overrun with mice then the possibility exists to innovate a product using your technology.

An additional instance, one with which I’m intimately familiar, are consumer electronics startup organizations. I have been related to each of those that succeeded and people who failed. Every possessed precise main side applied sciences. The difference was once opportunity. People who failed could no longer find the opportunity to advance a significant innovation making use of their technology. Actually, to outlive, these businesses needed to morph typically into anything completely unique and in the event that they had been fortunate, they could take knowledge of derivatives of their usual technological know-how. Extra more often than not, the original technological know-how wound up within the scrap heap. Science, consequently, is an enabler whose excellent price proposition is to make enhancements to our lives. So as to be relevant, it needs for use to create innovations that are pushed by means of possibility.

Technology as aggressive capabilities?

Many companies record a science as one in all their competitive advantages. Is this legitimate? In some cases sure, but most often no.

Technological know-how develops alongside two paths – an evolutionary route and a revolutionary path.

Progressive technological know-how is one that allows for new industries or permits solutions to issues that have been previously not viable. Semiconductor technology is an effective instance. Now not simplest did it spawn new industries and products, but it surely spawned different innovative technologies – transistor technology, built-in circuit technological know-how, microprocessor technology. All of which provide among the products and offerings we consume today. But is semiconductor science competitive expertise?

Looking at the number of semiconductor corporations that exist in these days (with new ones forming every day), i would say now not. How about microprocessor technology? Again, no. Lots of microprocessor corporations out there. How about quad-core microprocessor technology? No longer as many corporations, but you have got Intel, AMD, ARM, and a bunch of corporations constructing customized quad-core processors (Apple, Samsung, Qualcomm, etc). So again, not so much of competitive skills. Competition from competing applied sciences and handy entry to IP mitigates the perceived competitive knowledge of any distinct technology. Android vs iOS is an efficient example of how this works.

Both running techniques are derivatives of UNIX. Apple used its technological know-how to introduce iOS and won early market expertise. However, Google, making use of their variant of Unix (a competing technology), caught up rather swiftly. The explanations for this lie no longer in the underlying science, however in how the merchandise made possible via those applied sciences have been brought to market (free vs. walled backyard, and many others.) and the differences in the strategic visions of each enterprise.

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